What Will Be the Monthly Payment on a Home Mortgage

question 66

Multiple Choice

What will be the monthly payment on a home mortgage of $75,000 at 12 percent interest, to be amortized over 30 years?

• A)$771.46
• B)$775.90
• C)$1,028.61
• D)$1,034.53 75,000 = PMT

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Definitions:

Selling Process

A series of steps taken by a salesperson to identify and qualify potential buyers, present a product or service, address objections, and close the sale.

Retail Shoe

Refers to the sale of shoes through retail outlets, including brick-and-mortar stores and online platforms, to the end consumer.

Buyer's Readiness

The stages a potential purchaser goes through before deciding to buy a product, including awareness, knowledge, liking, preference, conviction, and purchase.

Qualifying Leads

The process of determining the likelihood that a potential customer has interest, as well as the authority and financial capacity, to complete a purchase.